Equity Market Performance: As an ETF that invests in Canadian equities, QIE.TO's price is strongly influenced by the overall performance of the Canadian stock market, particularly the S&P/TSX Composite Index.

Underlying Holdings' Performance: The specific companies held within QIE.TO directly impact its price. Positive performance from these companies generally increases the ETF's value.

Interest Rate Changes: Changes in interest rates can affect equity valuations. Rising interest rates may negatively impact the value of companies held by the ETF, thus affecting QIE.TO's price.

Inflation: High inflation can erode corporate profits and consumer spending, affecting company performance and ultimately the ETF's price.

Currency Fluctuations: Given QIE.TO invests in Canadian companies, changes in the Canadian dollar's value relative to other currencies can indirectly impact the ETF's return, especially for international investors.

Economic Growth: Strong Canadian economic growth typically supports corporate earnings and investment, leading to increased equity valuations and potentially a higher ETF price.

Investor Sentiment: General investor confidence and risk appetite toward the Canadian equity market can influence demand for QIE.TO, thereby affecting its price.

Supply and Demand for the ETF: Basic supply and demand dynamics for QIE.TO shares in the market influence its price. Higher demand leads to a higher price, and vice versa.

Sector Performance: QIE.TO’s price also depends on the performance of the sectors the ETF invests in. Strong sector growth will drive up the ETF's price.